How do I get a personal loan from a credit union in Alaska? This question is about Personal Loans in Alaska

To get a personal loan from a credit union in Alaska, first search for local credit unions that offer personal loans, then compare their terms and get pre-qualified if possible. Next, become a member of the credit union, submit an application for a personal loan, and wait for approval and funding. Aside from the membership step, the process of getting a loan from a credit union in Alaska is actually pretty similar to getting a personal loan from any other type of lender. How to Get a Personal Loan From a Credit Union in Alaska Find credit unions. Search for credit unions in your state. Compare personal loans. Narrow down your choices based on APR ranges, fees, loan sizes, payoff periods and more. Get pre-qualified. Some credit unions may allow you to pre-qualify for a loan, which will show you your approval odds and the rates you might get if approved. Pick a loan. After comparing offers and checking for pre-qualification, pick the loan that works best for your needs. Become a member. Most credit unions will require you to become a member before applying for any financial products. You should be eligible to join most credit unions in the area where you live, work or go to school. Membership usually involves opening an account with a very small deposit. Apply for a loan. Credit unions may offer applications online or over the phone, but one advantage is that you can also typically apply in person with a loan specialist. Wait for a decision. You will typically find out if you are approved or denied within a few business days. Receive your funds. Assuming you are approved, you should usually receive your money in your bank account within 7 business days of applying (or a bit longer if you choose to get it by check). Finally, it’s important to note that if you get a personal loan from a federal credit union in Alaska, it will have an APR cap of 18%. If you get a personal loan from a state-chartered credit union, the maximum is 15%.

Ad Disclosure Ad Disclosure

How do I get a personal loan from a credit union in Alaska?

Answer Question Report Abuse

This question is about Personal Loans in Alaska

see this user

Adam McCann, Financial Writer

@adam_mcan • 10/28/21 This answer was first published on 10/28/21. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

Permalink Report Abuse

To get a personal loan from a credit union in Alaska, first search for local credit unions that offer personal loans, then compare their terms and get pre-qualified if possible. Next, become a member of the credit union, submit an application for a personal loan, and wait for approval and funding. Aside from the membership step, the process of getting a loan from a credit union in Alaska is actually pretty similar to getting a personal loan from any other type of lender.

How to Get a Personal Loan From a Credit Union in Alaska

Find credit unions. Search for credit unions in your state.
Compare personal loans. Narrow down your choices based on APR ranges, fees, loan sizes, payoff periods and more.
Get pre-qualified. Some credit unions may allow you to pre-qualify for a loan, which will show you your approval odds and the rates you might get if approved.
Pick a loan. After comparing offers and checking for pre-qualification, pick the loan that works best for your needs.
Become a member. Most credit unions will require you to become a member before applying for any financial products. You should be eligible to join most credit unions in the area where you live, work or go to school. Membership usually involves opening an account with a very small deposit.
Apply for a loan. Credit unions may offer applications online or over the phone, but one advantage is that you can also typically apply in person with a loan specialist.
Wait for a decision. You will typically find out if you are approved or denied within a few business days.
Receive your funds. Assuming you are approved, you should usually receive your money in your bank account within 7 business days of applying (or a bit longer if you choose to get it by check).

Finally, it’s important to note that if you get a personal loan from a federal credit union in Alaska, it will have an APR cap of 18%. If you get a personal loan from a state-chartered credit union, the maximum is 15%.

Answer Question

How can I get a loan from a credit union?

To get a loan from a credit union, you must first determine which credit unions you’re eligible to join. Unlike with a bank or an online lender, you have to be a member of a credit union to get any of their financial products, including personal loans. You may qualify by living or working in a certain area, by having a relative who is a member, or by making a small one-time donation to an...

read full answer

Are there credit union personal loans for non-members?

There’s no such thing as credit union personal loans for non-members. You have to be a member of a credit union to apply for one of its personal loans, credit cards or other financial products. Fortunately, there are a number of credit unions that are open to anyone, no matter where you live. You still have to become a member to take out a personal loan from them. But becoming a member may be as...

read full answer

What's the easiest credit union to get a personal loan from?

It's difficult to say what the easiest credit union to get a personal loan with is, because credit unions typically do not disclose a minimum credit score requirement for approval. However, in general, credit unions are more likely than banks to work with bad credit. Some credit unions may also offer secured personal loans, which are easy to qualify for but require collateral. But many credit unions will require secured loans to be secured by...

read full answer

WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.

WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by WalletHub. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.

Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.

Ask a Question

140

Ask Question

Ask Your Question

WalletHub Transparency

We are committed to being fully transparent with our readers. Opinions expressed here are the author’s and/or WalletHub editors'. WalletHub editorial content on this page is not provided, commissioned, reviewed, approved or otherwise endorsed by any company. In addition, it is not any company’s responsibility to ensure all questions are answered.